Industry scramble for cheaper battery chemistry upends plans

Ford had planned to start production of its electric Explorer compact SUV in Germany late last year, but then came the order from CEO Jim Farley himself: wait. The six-month pause allowed the company to switch to using lower-cost, higher durability lithium iron phosphate batteries sourced from China’s CATL.

“The introduction of LFP battery technology is expected to reduce battery costs by one-third,” said Volkswagen Group CFO Arno Antlitz on the company’s first quarter earnings call. More car makers in Europe are starting to offer the battery technology in new models, including the affordable Citroen ë-C3 supermini, which goes on sale next month priced from £21,990.

ایران آخرین اخبار, ایران سرفصلها

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Ford Explorer EV Goes Into Production At German Factory After $2B InvestmentA “sports crossover” will be built at Ford’s overhauled EV factory later this year.
منبع: InsideEVs - 🏆 579. / 51 ادامه مطلب »

The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders SayCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
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